No Summary provided as the original text is short
- Subprime Auto Loan: A car loan extended to borrowers with lower credit scores, often carrying higher interest rates due to elevated default risk.
- Delinquency Rate: The percentage of loans where borrowers are late on payments beyond a specified threshold, often measured at 30, 60, or 90 days.
- Market Bubble: An economic cycle characterized by rapid escalation in asset prices followed by a contraction when prices can no longer be sustained.